Spdr Gold Shares Etf Buy Hold or Sell Recommendation
| GLD Etf | USD 214.64 0.40 0.19% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding SPDR Gold Shares is 'Strong Buy'. Macroaxis provides SPDR Gold buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding GLD positions. The advice algorithm takes into account all of SPDR Gold's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting SPDR Gold's buy or sell advice are summarized below:
Real Value 230.5 | Hype Value 214.87 | Market Value 214.64 | Naive Value 210.56 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell SPDR Gold Shares given historical horizon and risk tolerance towards SPDR Gold. When Macroaxis issues a 'buy' or 'sell' recommendation for SPDR Gold Shares, the advice is generated through an automated system that utilizes algorithms and statistical models.
SPDR |
Execute SPDR Gold Buy or Sell Advice
The SPDR recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on SPDR Gold Shares. Macroaxis does not own or have any residual interests in SPDR Gold Shares or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute SPDR Gold's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details |
SPDR Gold Trading Alerts and Improvement Suggestions
| Latest headline from seekingalpha.com: Golds sharp two-day correction overdue and healthy, analysts say | |
| The fund retains all of the assets under management (AUM) in different types of exotic instruments |
SPDR Gold Returns Distribution Density
The distribution of SPDR Gold's historical returns is an attempt to chart the uncertainty of SPDR Gold's future price movements. The chart of the probability distribution of SPDR Gold daily returns describes the distribution of returns around its average expected value. We use SPDR Gold Shares price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of SPDR Gold returns is essential to provide solid investment advice for SPDR Gold.
| Mean Return | 0.21 | Value At Risk | -1.09 | Potential Upside | 1.71 | Standard Deviation | 0.83 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of SPDR Gold historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
SPDR Gold Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to SPDR Gold or SPDR State Street Global Advisors sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that SPDR Gold's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a SPDR etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.20 | |
β | Beta against NYSE Composite | 0.06 | |
σ | Overall volatility | 0.84 | |
Ir | Information ratio | 0.14 |
SPDR Gold Volatility Alert
SPDR Gold Shares has low volatility with Treynor Ratio of 3.57, Maximum Drawdown of 4.41 and kurtosis of 1.0. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure SPDR Gold's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact SPDR Gold's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.SPDR Gold Implied Volatility
SPDR Gold's implied volatility exposes the market's sentiment of SPDR Gold Shares stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if SPDR Gold's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that SPDR Gold stock will not fluctuate a lot when SPDR Gold's options are near their expiration.
SPDR Gold Fundamentals Vs Peers
Comparing SPDR Gold's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze SPDR Gold's direct or indirect competition across all of the common fundamentals between SPDR Gold and the related equities. This way, we can detect undervalued stocks with similar characteristics as SPDR Gold or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of SPDR Gold's fundamental indicators could also be used in its relative valuation, which is a method of valuing SPDR Gold by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare SPDR Gold to competition |
| Fundamentals | SPDR Gold | Peer Average |
| Price To Earning | 27.46 X | 3.15 X |
| Beta | 0.16 | |
| One Year Return | 16.70 % | (0.97) % |
| Three Year Return | 8.90 % | 3.23 % |
| Five Year Return | 12.30 % | 1.12 % |
| Ten Year Return | 5.60 % | 1.20 % |
| Net Asset | 50.49 B | 2.29 B |
SPDR Gold Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as SPDR . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 49132.89 | |||
| Daily Balance Of Power | (0.20) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 215.36 | |||
| Day Typical Price | 215.12 | |||
| Price Action Indicator | (0.92) | |||
| Period Momentum Indicator | (0.40) | |||
| Relative Strength Index | 79.7 |
About SPDR Gold Buy or Sell Advice
When is the right time to buy or sell SPDR Gold Shares? Buying financial instruments such as SPDR Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having SPDR Gold in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Electronic Equipment theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Electronic Equipment Theme or any other thematic opportunities.
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Check out SPDR Gold Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
The market value of SPDR Gold Shares is measured differently than its book value, which is the value of SPDR that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR Gold's value that differs from its market value or its book value, called intrinsic value, which is SPDR Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SPDR Gold's market value can be influenced by many factors that don't directly affect SPDR Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SPDR Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.